Embracer Group 1

Swedish juggernaut corp Embracer Group woke up feeling dangerous – and purchased another enormous chunk of the video game industry as a result. The holding company now has approximately 120 game developers under its umbrella, spread across a vast array of divisions and subsidiaries all over the globe. We thought, given the sheer number of purchases, we should summarise the sheer scale of the business – accurate, of course, as of 18th August, 2022.

There are eleven major divisions that make up the Embracer Group, each with their own set of subsidiaries. It’s best to think of each division as its own individual publisher, as they appear to operate largely autonomously.

Here we go, then:

Amplifier Game Invest

  • A Creative Endeavor
  • DestinyBit
  • Fall Damage
  • Frame Break
  • Framebunker
  • Goose Byte
  • Green Tile Digital
  • Infinite Mana Games
  • Invisible Walls
  • Kavalri Games
  • Misc Games
  • Neon Giant
  • Palindrome Interactive
  • Plucky Bytes
  • Rare Earth Games
  • River End Games
  • Silent Games
  • Tarsier Studios
  • Vermila Studios
  • Zapper Games


  • Asmodee

Coffee Stain Holding

  • Box Dragon
  • Coffee Stain Malmö
  • Coffee Stain North
  • Coffee Stain Publishing
  • Coffee Stain Studios
  • Easy Trigger
  • Ghost Ship Games
  • Lavapotion

Dark Horse Media

  • Dark Horse Comics
  • Dark Horse Entertainment

DECA Games

  • A Thinking Ape Entertainment
  • CrazyLabs
  • Firescore Interactive
  • IUGO Mobile Entertainment
  • Jufeng Studio


  • Easybrain

Embracer Freemode

  • Bitwave Games
  • C77 Entertainment
  • Clear River Games
  • Limited Run Games
  • Middle-earth Enterprises
  • Game Outlet Europe
  • Gioteck
  • Quantic Lab
  • Grimfrost
  • Tatsujin

Gearbox Entertainment

  • Cryptic Studios
  • Gearbox Publishing
  • Gearbox Software
  • Gearbox Studio Québec
  • Gearbox Studio Montreal
  • Lost Boys Interactive
  • Gearbox Publishing San Francisco


  • Deep Silver
    • Dambuster Studios
    • Fishlabs
    • Free Radical Design
    • Volition
  • DigixArt
  • Flying Wild Hog
  • Milestone
  • Prime Matter
  • Ravenscourt
  • Splatter Connect
  • Spotfilm Networx
  • Vertigo Games
    • Vertigo Arcade
    • Vertigo Publishing
    • Vertigo Studios
    • SpringboardVR
    • Force Field
  • Voxler
  • Warhorse Studios

Saber Interactive

  • 34BigThings
  • 3D Realms
  • 4A Games
  • Aspyr
    • Aspyr Media
    • Beamdog
  • Bytex
  • Demiurge Studios
  • Digic Pictures
  • Fractured Byte
  • Mad Head Games
  • New World Interactive
  • Nimble Giant Entertainment
  • Saber Interactive
    • Saber Belarus
    • Saber Porto
    • Saber Russia
    • Saber Spain
    • Saber Sweden
  • Shiver Entertainment
  • Slipgate Ironworks
  • SmartPhone Labs
  • Snapshot Games
  • Tuxedo Labs
  • Tripwire Interactive
  • Zen Studios

THQ Nordic

  • Alkimia Interactive
  • Appeal Studios
  • Ashborne Games
  • Black Forest Games
  • Bugbear Entertainment
  • Experiment 101
  • Gate 21 d.o.o.
  • Grimlore Games
  • Gunfire Games
  • HandyGames
  • Massive Miniteam
  • Kaiko
  • Mirage Game Studios
  • Nine Rocks Games
  • Pieces Interactive
  • Piranha Bytes
  • Pow Wow Entertainment
  • Purple Lamp Studios
  • Rainbow Studios
    • Rainbow Studios Phoenix
    • Rainbow Studios Montréal
  • THQ Nordic France

It should be stressed that not every single company on this list makes video games. Dark Horse, for example, oversees media brands like Buffy the Vampire Slayer. Similarly, Asmodee is a French firm that distributes board games and tabletop RPGs. The vast majority of them are game developers, though – there’s well over 100 of them.

A lot of these companies also own tons of intellectual property. For example, buried in today’s round of announcements is the fact that the Embracer Group has acquired Tatsujin, which comes with the entire Toaplan catalogue. We couldn’t possibly list all the IP here, but you’re easily talking hundreds if not thousands of recognisable franchises here.

Of course, it remains to be seen whether this scale of industry consolidation will be a good thing. Embracer Group is not the only one who’s been busy, as we’ve also seen the likes of Tencent and Microsoft gobbling up as many companies as they can. Sony has been somewhat proactive, but is largely being left behind – it’s going to be interesting to see where all this leaves the industry in a dozen or so years.

[source News: Embracer Group Buys The Lord of the Rings IP, Maneater Dev, Limited Run, and More]